LMFM SENA Associate

Recruitment Team•New York, NY

23h

About The Position

Sena Affordable Communities (“Sena”) is the LIHTC acquisition and redevelopment affiliate of the L+M Development Partners (L+M) family of companies. Since 2014, the principals of Sena have been instrumental in the acquisition and renovation of over 15,000 units representing more than $3 billion in transactions across multiple markets in New York’s tristate area, Washington D.C., the West Coast, and the Sunbelt, Gulf Coast, and Midwest regions. Sena acquires affordable multi-family assets with the goal to renovate and modernize them while preserving and extending long-term affordability through the use of Low-Income Housing Tax Credits and tax-exempt bonds. L+M, founded in 1984, is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation. Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $20 billion in development and investment and have acquired, built, or preserved over 57,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area. Please visit L+M’s website for more information: http://lmdevpartners.com. Opportunity Sena is seeking an Associate to join an experienced team responsible for growing the LIHTC acquisition and redevelopment business across select markets nationwide. Sena acquires, rehabilitates, and operates existing affordable housing assets with Low-Income Housing Tax Credits and tax-exempt bonds. This is a cross-functional position that will be working closely with the entire team, including senior leadership, and will encompass a variety of roles ranging from underwriting & financial modeling, deal execution (financing / LIHTC / tax-exempt bond applications) and asset management functions. We are seeking a dynamic, versatile team player who can bring a broad mix of hard skills (e.g., financial modeling, analysis, valuations, etc.) and soft skills (e.g., storytelling & presentation building) to all interactions.

Requirements

Strong in Microsoft Office, specifically Excel, Word, and PowerPoint
Knowledge of affordable housing finance
Minimum 2 years of relevant work experience, specifically managing and underwriting multi-family assets, with preference given to affordable housing properties (i.e., HUD, Section 8, tax-exempt bonds, and LIHTC).
Undergraduate and/or graduate degree.
Excellent interpersonal and communication skills (oral and written).
Strong quantitative, analytic, and organizational skills with attention to detail.
Assist with managing the day-to-day execution of acquisitions and rehabilitation projects.
Able to grow into being the primary contact on certain project matters.
A team player, able to work well in an entrepreneurial environment across multiple L+M teams and development partners.
Self-starter with proven ability to prioritize/execute in a fast-paced environment, solve problems, and manage multiple active projects with simultaneous deadlines.

Nice To Haves

Background in community development and/or construction a plus

Responsibilities

Perform financial modeling and analysis to evaluate and structure potential transactions.
Assist with transaction closings including processing due diligence requests, legal documents, and financing applications for housing finance agencies, lenders, and investors.
Support acquisitions efforts including evaluating offering memorandums, responding to Request for Proposals (RFPs), preparing investment analyses/memos, and providing recommendations.
Travel to property sites for inspections, due diligence, and meetings with residents, officials, and community stakeholders.
Support design and construction decisions in close coordination with third-party consultants (i.e., Architects, Engineers, etc.) and participate in meetings and construction administration.
Work with asset management and property management to monitor ongoing operations of properties in the portfolio.